cairn india

Vedanta: Vedanta bondholders set high payout bar, want promoter to contribute capital, too

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Vedanta: Vedanta bondholders set high payout bar, want promoter to contribute capital, too

Mumbai: A group of Vedanta Resources (VRL) bond investors demanded the company pay at least 75% of the principal and interest on the bonds maturing in January next year and 25% on those maturing in March 2025. For the remaining portion of the two bonds maturing in 2024 and 2025, investors want fresh notes valued … Read more

Vedanta: Vedanta lobbied to weaken environmental regulations during pandemic: Report

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Vedanta: Vedanta lobbied to weaken environmental regulations during pandemic: Report

Vedanta ran a “covert” lobbying campaign to weaken key environmental regulations during the COVID-19 pandemic, the Organised Crime and Corruption Reporting Project (OCCRP) said in an article on Thursday. In January 2021, Vedanta Group Chairman Anil Agarwal told former environment minister Prakash Javadekar the government could add “impetus” to India’s economic recovery by allowing mining … Read more